U.S. Recorded a Budget Surplus in April

WASHINGTON -- The federal government ran a monthly budget surplus of $118.85 billion in April, as tax receipts came in stronger than the same period last year.

Buoyed by income during the spring tax season, government ledgers in April swung into the black following March's deficit of $85.47 billion. Receipts in April were $315.09 billion, up 13% from $277.61 billion a year earlier, and the second highest on record, just below the $332...